scholarly journals The Impact of the Rise Global Supply Chains on the New Tendencies in the Contemporary Foreign Trade Policy

2018 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Zdzisław W. Puślecki
Keyword(s):  
Political Economy ◽  
Foreign Trade ◽  
Supply Chains ◽  
Trade Policy ◽  
Multinational Firms ◽  
The Political ◽  
Global Supply Chains ◽  
Foreign Trade Policy ◽  
Theoretical Contribution ◽  
The Impact

The main aim of the article is indication of impact of the rise global supply chains on the new tendencies in contemporary foreign trade policy. The subject of the discussion and theoretical contribution in the undertaken research program is presents new tendencies in international trade—the rise of global supply chains, the impact of the rise global supply chains on the political economy of trade and countries motivations for cooperating on trade policies and the rise of global supply chains and increasing importance of bilateral agreements in the foreign trade policy. It is important to underline that a few multinational firms are responsible for a major share of world trade and for the rise of global supply chains. On the one hand, these firms should support regulatory harmonization across different Preferential Trade Agreements (PTAs) in order to lower trade costs. On the other hand, they might also resist harmonization—and encourage certain non-tariff measures—in order to prevent new competitors from entering markets. This may partly explain the persistence of regulatory divergence, and suggests that the political economy of regulatory convergence, especially in the conditions of the rise global supply chains, may be more important and more complex than is sometimes suggested. 

scholarly journals The Increasing Importance of Bilateral Agreements in the Foreign Trade Policy

2018 ◽  
Vol 9 (1) ◽  
pp. 19
Author(s):  
Zdzislaw W. Puslecki
Keyword(s):  
Foreign Trade ◽  
Supply Chains ◽  
Trade Policy ◽  
Multinational Firms ◽  
Global Supply Chains ◽  
Foreign Trade Policy ◽  
Theoretical Contribution ◽  
Bilateral Agreements ◽  
The One ◽  
Regulatory Convergence

The main aim of the article is indication of the increasing importance of bilateral agreements in the foreign trade policy. The subject of the discussion and theoretical contribution in the undertaken research program is presents new tendencies in international business - the rise of importance of bilateral agreements in foreign trade policy. It is important to underline that a few multinational firms are responsible for a major share of world trade and for the rise of global supply chains. On the one hand, these firms should support regulatory harmonization across different Preferential Trade Agreements (PTAs) in order to lower trade costs. On the other hand, they might also resist harmonization – and encourage certain non-tariff measures – in order to prevent new competitors from entering markets. This may partly explain the persistence of regulatory divergence, and suggests that the political economy of regulatory convergence, especially in the conditions of the rise global supply chains, may be more complex than is sometimes suggested.

scholarly journals TRADE POLICY OF THE EUROPEAN UNION AND THE UNITED STATES OF AMERICA UNDER THE COVID-19 PANDEMIC

2021 ◽  
Vol 2 (1) ◽  
pp. 53-59
Author(s):  
Viktoriya Mashkara-Choknadiy ◽  
Yuriy Mayboroda
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
Social Life ◽  
The United States ◽  
The European Union ◽  
Foreign Trade Policy ◽  
The Us ◽  
The Usa ◽  
The Impact ◽  
The Eu

The pandemic of COVID-19 has influenced all sectors of social life, including the global economy and trade relations. The year of 2020 was marked with significant changes in internal and foreign economic policy of almost all nations. The purpose of the paper is to study the measures taken by the EU and the USA as the world's leading economies to regulate their foreign trade in the global crisis caused by the COVID-19 pandemic. The tasks of the study are to show the influence of the crisis on changes of global trade policy in front of the threat to national security. Methodology. The study is based on the results of statistical analysis of data provided the WTO and the UNCTAD. The authors show an analytical assessment of the foreign trade indicators of the EU and the USA. Methods of comparison and generalization were used to formulate conclusions on regulatory trends in foreign trade of the US and the EU. Results allowed identifying specific features and changes in the regulation of foreign trade of the EU and the US, assessing the impact of the pandemic on their foreign trade. It was found that both mentioned players of the world economy have actively introduced both deterrent and liberalization measures during 2020, which were aimed at providing the domestic market with scarce COVID-related goods. The study shows the transition from export restricting to import liberalizing measures in foreign trade policies from the start of pandemic to the late 2020. Practical implications. Understanding and predicting the possible actions of partners (the US and the EU in this case) in the field of foreign trade regulation is an important practical aspect, which has to be taken into account when developing Ukraine's foreign trade policy. Value/originality. The study of foreign trade policy of the world's leading countries allows us to understand the behavior of governments of the countries that are largely dependent on participation in international trade in their development, to draw conclusions about the most common instruments of foreign trade policy in the time of humanitarian and economic crises.

scholarly journals Foreign trade aspect of Serbia’s accession to the European Union

2013 ◽  
Vol 65 (3) ◽  
pp. 341-364
Author(s):  
Stevan Rapaic ◽  
Dragana Dabic
Keyword(s):  
European Union ◽  
Foreign Trade ◽  
Trade Policy ◽  
The European Union ◽  
Foreign Trade Policy ◽  
Government Control ◽  
Association Agreement ◽  
Full Member ◽  
Common Trade ◽  
The Impact

From the past experience, most governments conclude that it is necessary to carry out carefully planned foreign trade policy based on a high degree of liberalization dosed with government control. This kind of foreign trade policy is being implemented both by Serbia and by the European Union, which established the Common Trade Policy (CTP) in 1957. Bearing in mind that Serbia has signed the Stabilization and Association Agreement striving to become a full member of the European Union, it is clear that, in due course, its foreign trade policy must be in line with the European one. This is not an easy task, because parallel to the process of accession to the EU, Serbia is conducting negotiations on accession to the World Trade Organization and those two processes are intertwined and connected. This paper analyses Serbia?s process of accession to the European Union and the impact of this process on its foreign trade policy as well as the future of its foreign trade relations with previous major partners.

DIGITAL TRANSFORMATION OF THE STATE’S FOREIGN TRADE POLICY

2021 ◽  
Vol 119 (6) ◽  
pp. 26-40
Author(s):  
DUHINETS Hanna ◽  
SARKISIAN Larysa
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
International Organizations ◽  
Data Transfer ◽  
Transformation Process ◽  
Digital Transformation ◽  
Practical Consideration ◽  
Foreign Trade Policy ◽  
Digital Products ◽  
The Impact

Background. The impact of digital transformations on financial, invest­ment and trade flows requires the introduction of appropriate incentives and the reduction of restrictive practices. The lack of coordination between national governments and international organizations in establishing mechanisms and instruments increases the risk of instability zones. Modern regulatory instruments applied by countries may be twofold, owing to the nature of digital technologies. In sum, the issue of improving foreign trade policy is actual and requires further research and practical consideration. The aim of the articleis to develop theoretical, methodological and practical approaches to the regulation of the foreign trade policy digital transformation process. Materials and methods. Database of statistical and analytical materials of international organizations (Organization for Economic Cooperation and Development, World Economic Forum), national statistical offices, centres of expertise and in-house research were used. The study used economic analysis, comparison, grouping and systematization methods. Results. The article examines the theoretical, methodological and practical approaches to regulating the process of digital transformation of foreign trade policy. It is determined that the main directions of regulatory practices are the rules for data transfer, consolidation and regulation of intellectual property rights, data protection of consumers of information services, ethics of digital products. The classification of tools of digital transformation of foreign trade policy is formed. Conclusion. The growing share of digital goods and services in inter­national trade has intensified the complex aspects of global cooperation among countries to develop the digital economy and to regulate joint activities in the creation of physical and virtual mobility rules. For Ukraine, it is important to accelerate the pace of implementation of planned measures and to strengthen the development and introduction of stimulating tools for the development of the destiny of the digital sector in the economy.

scholarly journals Keys and Tensions in Argentina's Foreign Trade Policy Strategy in the Search for an "Smart Insertion into the World" (2015-2018)

2019 ◽  
Vol 1 (2) ◽  
pp. 49
Author(s):  
Julieta Zelicovich
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
Balance Of Payments ◽  
The Political ◽  
Foreign Trade Policy ◽  
External Trade ◽  
International Context ◽  
The World ◽  
The Government ◽  
Domestic Level

After 12 years of Kirchnerist administrations, the government of Mauricio Macri have imparted substantial changes in the Argentinean foreign and economic policy. These changes have been reflected in a redesign of the foreign trade policy. We wonder what have been the characteristics of this policy during “Cambiemos” administration. In light balance of payments data, why have the results regarding the country's external trade insertion been limited? For this purpose, the paper analyzes the principles, objectives and actions implemented, as well as the articulation of internal and external constraints (or variables) in this government, between December 2015 and October 2018. It is argued that the foreign trade policy has faced a context that was not very permissive, and fell prey to foreign policy’s "bad diagnosis" of the international context; and that this, articulated with the political and economic contradictions that occurred at the domestic level, acted to the detriment of the objectives set for a “smart international insertion”.

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